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20121027
20121104
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Search Results 0 to 25 of about 26 (some duplicates have been removed)
by threatening to withold key auto parts from reaching gm's assembly line. "the hedge fund held up steering columns and other things that had gm not gotten them, they would've gone under. chrysler as well." "they were literally willing to risk the survival of gm to make as much money as they could." steven rattner, former counselor to the treasury during the bailout period, called it "extortion demands by barbary pirates." palast says delphi relocated parts plants in china and emerged from bankruptcy, going public last year. the company, purchased by the romneys' hedge fund at 67 cents per share in 2009, sold for $22 a share at the ipo - a 3,000% profit for investors like the romneys. a return largely the result of the auto bailout that romney so publically opposes. "it further solidifies the democrats' and labor's picture of romney as out-of-touch and more interested in personal wealth creation than job creation." with the presidential election less than a week away, the coalition of union and good government groups is urging the office of government ethics to act now to ensure mitt romney
president obama talk about today are gm's reaction to mitt romney and this ad that his campaign has been running. >> that's critical. >> it is critical. and local tv and local newspapers in this state, especially in the northern parts where president obama needs to do really well have been pounding mitt romney for that essentially false ad that has been debunked widely and now that chrysler and gm and their executives have come out against mitt romney, that's been a really big problem for mitt romney. >> and they're adding jobs, they're even adding jobs at the honda plant. in the end, will you both be watching the cleveland area, cuyahoga county on the list? >> and the columbus area where we are right now, which is one of the swing counties here. a very, very important. but the bottom line is turnout. if the obama/sherrod brown organization can bring out the vote, they can win this state. but, you know, a lot fewer people voted here in 2010 and the republicans ran the table in ohio. so unless some of those 2008 voters come out again, the ones who stayed home in 2010, obama could have som
to help the auto industry. he is supported by lee iacocca and the detroit news. obama took gm and chrysler into bankruptcy and sold chrysler to italians that are going to build jeeps in china. >> romney's new ad running in ohio claims that president obama took gm and chrysler into bankruptcy. interesting. because romney preferred a managed bankruptcy for the car companies. he claimed that jeeps are going to be built in china by italians. the ceo of chrysler found that whopper too much to bear and issued a statement to say, . >> who will be best for the auto industry? it may not be the guy whose car ad is full of holes. joining me from detroit is jonathan cone. >> thanks for having me on. when we talk cars, i get out my transformers and have this whole thing about president obama being optimist prime. is the car issues going to be the thing that turns ohio voters? >> it is a huge issue. in ohio, 1 of every 8 jobs is tied to the auto industry. the voters there, they understand how important the auto rescue, the obama's decision to provide chrysler and g.m. loans. they know how important that
decline. they're talking about this cold war between japan and china. gm had a good quarter too. gm is behind them in terms of this raushlization. obviously europe is just a disastrous report. latin america pretty good, asia had a swing. the most important thing is that he cannot leave until he gets through the problem. >> is it not good or bad that mallalay stays? so i'm good would it have been a bigger picture in europe of european ford if steel took over before rather than later. >> my feeling has always been you own the fords of the world is that they have always had huge cash awards. >> the announcement is out, they have promoted a number, a series of people. joe henriks, president of the americas, even know dell, most, a number of different things including the promotion of fields. >> asia, africa is the rangernd a the ranger is selling very well. >> it's a big story, you got it here first. >> all right, a lot of people did. of course not the only story out this morning. if you do want to get the latest out of the recovery, sandy, remain without power in the storm region. some
. >> reporter: and ryan fought back hard. >> president obama took gm and chrysler into bankruptcy. taxpayers still stand to lose billion billions of dollars from the president's managed bankruptcy. >> reporter: romney has been on the defensive for months on his position on auto bailout, now taking it right to the president. their skirmishes back and forth about this issue on the auto industry show how important it is, especially in ohio, which could hold the key to the white house. there are 800,000 people in jobs related to the auto industry in that state. charlie and norah, they could be decisive. >> jan crawford, thank you so much. national journal white house correspondent major garret is here. let's talk about what jan was just reporting on. why has the fight on the auto bailout gotten so nasty here in the end? >> the obama campaign -- from the romney/ryan ticket that the bailout is sending jobs to china. production may eventually be in china on jeeps. as chrysler and gm have pointed out, jeep, which is a chrysler brand, and gm, also producing autos in northern ohio, aren't shrinking th
're small elements. they're not moving big. the market is not getting hurt equitiwise. gm and ford coming out with great stuff. >> what does that tell you that the equity markets are kind of hanging in there? >> i think it probably argues it is not as difficult a negative as many feared. it probably suggests the economy is doing better than we might understand. >> what is the trade then today as everybody returns and things look pretty good. commodities are showing up across the board. oil getting a boost. gold getting a boost. everything is up? >> we hoped for a few hundred points down on the open to take ad advantage of it. we like to buy things cheaper. a lot of people are disappointed which can't get good deals. you have to use red ink as beneficiary. >> we love color from the traders on the floor. we see action return to the floor of the cme group in chicago today. the big news will be jobs report. adp on thursday but jobs report on friday. what would you say folks are expected or anticipating? >> i think views are pretty negative. surprise upside we could be a little more positive t
that mitt romney is running in ohio right now, where he even had to have the ceo of gm and the ceo of chrysler come out to say that they're lies and that he needs to cut it out. i think in ohio, such an important state for mitt romney where the president is leading right now, the obama campaign is doing exactly what they need to be doing. >> at a time like this, the visuals are just as important as the rhetoric. thank you both, maria, ana, nice to see you. >>> it is the other big story, superstorm sandy. it left behind widespread disruption and is blamed for dozens of deaths. the surprising way some of the victims died and how it may have been prevented. questions? anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> the heartache is growing for families across the northeast, as sandy claims more lives. according to the latest number, the storm is now blamed for 106 deat
of the weather. the debates about the economy. the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right? >> no. yeah. but very unusual. they tried to stay out of it and very unusual for spokesman to unload that kind of harsh language against the romney campaign in this particular ad. >> john avalon from youngstown, ohio. today's talk back question. will sandy change the election? facebook.com/carolcnn. [ female announcer ] ready for a taste of what's hot? check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. that bringing yo
about that and gm today. nicole: the play-by-play, the best decision of all for everybody but we are talking about ford and gm, up arrows today and 6.5%, general motors trading upwards of 7% and both of these coming out. board yesterday and today general motors beat the street. they could see weakness in europe but this does not come as a surprise. the u.s. automakers are having a nice showing on this first day of trading. certainly a monumental opening after being closed for two days and many of these have no self service or internet service but nyse systems able to trade electronically and full force smooth opening for the new york stock exchange. when i talked with duncan neiderauer and he talked about electronic opening the truth is these big companies, goldman sachs and j. p. morgan would have to bring in someone somewhere even if we were trading electronically and just for keeping people lot of harm's way is what he meant when he talked about it being irresponsible to open any earlier than today. the pricing and trading done well but you need some human electronic trading w
didn't governor romney talk about benghazi? liz: a toyota or a nissan could have taken over gm and still preserved those jobs in this country instead of the government stepping in, same story with the battery maker, no. charles: let's kind of stick to this whole thing. if the president wins, he has talked about doubling down. initially doug and judge they talked about this as spending and then changed it to investing, understanding what you and i are talking about. >> the government actually claims it has an investment if this company? charles: the president says we're investing this our energy future. that's the line. we have all heard it so much that we can all kind of regurgitate it. >> that should drive your colleagues downtown crazy, why government gives away taxpayer cash or money it's borrowed from china and gives that way. charles: it should drive all americans crazy. but here's the thing, though. they continue to do it. they continue to say we're going to do this. it was an investment just like the internet was an investment just like the space program was an investmen
took gm into bankruptcy and sold chrysler to italian who is are going to build jeeps in china. >> of course it turns out it's not true. the company ceo told governor romney himself knock it off. >> reporter: the squabble over that spot has made headlines here in ohio, the obama campaign hit back on air. >> politics at its cynical worst. >> reporter: on a stump the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign, that's definitely not change. that's the oldest trick in the book. yeah. that's what governor romney's been doing these last few weeks. and i know what real change looks like because i've fought for it. right along side you. and after all we've been through together, we sure can't give up now. >> report from cnn's jessica yellin. she's with the president in lima, ohio, right now. we'll speak with her later. we have reporters all over the country right now getting ready for tuesday's election. they're in all the key battleground states. much more coming up from all of these reporters. meanwhile, the
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central focus of the debate. we have spoken to senators on both democrat and republican sides of the aisle, senator rob portman and sherrod brown about this ad. take a listen. >> i say it is the most disingenuous ad i've ever seen. they know better. they know the auto rescue worked. they know that ohio reasons connected directly or indirectly to the auto rescue and they know that governor romney and my opponent's opposition to the auto rescue, they're trying to crowd the issue and it is pretty outrageous. >> it is their game to the extent it is reported in the media and that's all they have said, there is reports this could happ
's getting a lot of criticism from many different kinds of entities. first, listen. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad is inaccurate, but it really is resonating here in ohio, and not in a good way for the romney campaign. a lot of voters i've spoken to, they've heard about the ad, they've seen it and understand it's an attempt to muddy the waters and
like. >> we're in toledo. >> we were in youngstown yesterday. it's the big gm lordstown plant. ohioans are really attached to the auto industry, and they definitely feel a lot of relief. there is three shifts going on at these plants. they were down to one in some cases and manufacture these plants were down to being shut. we are definitely sensing that people feel things are a little bit better. the question, suzanne, is who do they credit for that? >> and the other thing, too, is, of course, we've heard from the president saying, look, this is evidence that this is 32 straight months of private sector growth, and you have mitt romney on the other side saying that it's a sad reminder that the economy is at a standstill. his own words. beyond the spin here, what do you think voters are hearing when they hear this number today, and does it even change their perception at all of how the economy is doing? to either one of you. >> suzanne, you know, the uptick is not great news for the obama campaign. it is still -- >> this is a 7.8% to 7.9%. >> that's the top line number that people pay a
highlights that you would pick out the gm in this last month? >> we're pretty positive this month. ashley: the sales are up .4%. the estimate was up 3.5%. they have the ford fusion coming out, the chevy still coming out. it could be a point in which not all the vehicles are out yet, but along those lines, things will be better and we know down the road whether there really is a problem or not. ashley: speaking with forbes management team. the ceo at lease through 2014, but it appears that the head of ford america says things are looking good three a lot of people are saying the same. certainly over the past few two years, it has put a big wall in the turnaround because there are much different companies than there were just a few years ago. if things go well, it could be anybody. i think obviously, it is a big choice of this moment in time. ashley: i wanted to talk more about hurricane sandy. on the flipside of this, yes, it hurt sales for the last three days of this month. but one insurance claim paid up those flooded vehicles, and they could see a boost in parcells as a result. >> certa
companies gm and chrysler to foreign. nowhere in the ads does it mention romney opposed the auto bailout. gm officials blasted the spot to a detroit newspaper saying no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repate rating properties back to this country. polls receiving high marks for his handling of superstorm sandy, it's unclear how much the race has changed. hoping to recapture the momentum he had before the storm, romney recycled a line of attack he used presandy. >> he's been out talking about how he's going to save big bird and then playing silly word games with my last name, or first. and then attacking me day in and day out. >> reporter: the storm also interrupted romney's closing argument which he was supposed to start delivering last monday. instead, he has five days left to make his case against a president who has emerged from sandy perhaps now tougher to beat. wolf. >> jim acosta on the campaign trail with mitt romney. devastated barely begins to describe what happened to staten island, new york, in the wake of
Search Results 0 to 25 of about 26 (some duplicates have been removed)

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